Gaining an Edge over the Forex game of Mind, Money, & Wealth
Monday, October 30, 2006
van Gecko 14:41 GMT October 30, 2006
Potential micro Red hammer now hanging over Euroo plus a sickly looking EUR/GBP pressing down on its Head.. *1.2738->1.2668<->1.2638* ~ 1.26
EUR/GBP now teetering on the edge with lotsa tight stops below.. some Cross lover pushing a Yard through here could send the lagging masters swimming behind the lead dog down the English channel..
Lahore FM 09:26 GMT October 30, 2006
NT,usdcad will once again decide the USD mood.there is a good chance that last week's USD lows will hold for a recovery.117.00/20 is a good buy on dips.gbpusd a good sell around 1.90.eurusd a sell around 1.2730/40 with 70 for stops and so on.
hong kong nt 09:22 GMT October 30, 2006
USD/JPY -- expect 115.5-118.0 this week...
GBP -- likely to test 1.915-1.920 before making significant pullback...
van Gecko 08:56 GMT October 30, 2006
re. 07:44 GMT's references to 波浪大師 Hui.. imo even though most ewavers are inflicted with "Fx Curve_fit_titist" (and "Fx Hindsight_titist" for most analysts).. but they, like everyone else toiling in this cesspool do get lucky once in a while..
van Gecko 08:08 GMT October 30, 2006
After setting new highs in October, the dollar is teasing the bears again..
Usd/Jpy Singapore Sling Update
hong kong nt 07:44 GMT October 30, 2006
GENEVA -- Hui's website http://www.aimykhui.com.hk, not sure if he offers subscription in english. He is calling for gold 450 and usd/yen 126-128...
van Gecko 07:18 GMT October 30, 2006
GBP being marked up as EUR/GBP push for downside acceleration to heat up the EURO/GBP threesome Jive dance..
a month or two from now, the market may look back at the present blips by Euro & in particular, cousin GBP as very attractive BOOB/SOSB levels..
Euro @1.2730 GBP @1.8988
Trading is not an exact science contrary to the popular belief of most new or inexperience traders.. In trading, we must allow for some margin of errors within our defined risk & trading time frame.. allowing for this margin of error under the constraint of trading in micro time frames with stops & profit targets all inside a small fluctuating market noise band in hope of achieving consistent profits over time is very difficult, if not impossible.. as whenever we are right, we are only small right within the confine of the small P/L band which limit our odds to playing for break even at best over time.. Trading longer time frames allows for a wider margin of error but at the expenses of increased risk.. however, the odds of being right & achieving consistent profits over time are enhanced when good market analytic & trade management strategies are applied under the proper market bias.. When we are right, we need to ensure that we are bigger right over an expanded profit band in-order to compensate for those times when we are wrong..
Potential micro Red hammer now hanging over Euroo plus a sickly looking EUR/GBP pressing down on its Head.. *1.2738->1.2668<->1.2638* ~ 1.26
EUR/GBP now teetering on the edge with lotsa tight stops below.. some Cross lover pushing a Yard through here could send the lagging masters swimming behind the lead dog down the English channel..
Lahore FM 09:26 GMT October 30, 2006
NT,usdcad will once again decide the USD mood.there is a good chance that last week's USD lows will hold for a recovery.117.00/20 is a good buy on dips.gbpusd a good sell around 1.90.eurusd a sell around 1.2730/40 with 70 for stops and so on.
hong kong nt 09:22 GMT October 30, 2006
USD/JPY -- expect 115.5-118.0 this week...
GBP -- likely to test 1.915-1.920 before making significant pullback...
van Gecko 08:56 GMT October 30, 2006
re. 07:44 GMT's references to 波浪大師 Hui.. imo even though most ewavers are inflicted with "Fx Curve_fit_titist" (and "Fx Hindsight_titist" for most analysts).. but they, like everyone else toiling in this cesspool do get lucky once in a while..
van Gecko 08:08 GMT October 30, 2006
After setting new highs in October, the dollar is teasing the bears again..
Usd/Jpy Singapore Sling Update
hong kong nt 07:44 GMT October 30, 2006
GENEVA -- Hui's website http://www.aimykhui.com.hk, not sure if he offers subscription in english. He is calling for gold 450 and usd/yen 126-128...
van Gecko 07:18 GMT October 30, 2006
GBP being marked up as EUR/GBP push for downside acceleration to heat up the EURO/GBP threesome Jive dance..
a month or two from now, the market may look back at the present blips by Euro & in particular, cousin GBP as very attractive BOOB/SOSB levels..
Euro @1.2730 GBP @1.8988
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Trading is not an exact science contrary to the popular belief of most new or inexperience traders.. In trading, we must allow for some margin of errors within our defined risk & trading time frame.. allowing for this margin of error under the constraint of trading in micro time frames with stops & profit targets all inside a small fluctuating market noise band in hope of achieving consistent profits over time is very difficult, if not impossible.. as whenever we are right, we are only small right within the confine of the small P/L band which limit our odds to playing for break even at best over time.. Trading longer time frames allows for a wider margin of error but at the expenses of increased risk.. however, the odds of being right & achieving consistent profits over time are enhanced when good market analytic & trade management strategies are applied under the proper market bias.. When we are right, we need to ensure that we are bigger right over an expanded profit band in-order to compensate for those times when we are wrong..
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